On August 21, Fujian Cement released its semi-annual report for 2023. During the reporting period, the operating revenue of Fujian Cement from January to June was RMB1,026,288,126.98, compared with RMB1,192,750,086.46 for the same period of last year, representing a year-on-year decrease of 13.96%; Net profit attributable to shareholders of the listed company was RMB-132,646,071.35, representing a year-on-year decrease of 50.01% as compared to RMB-88,421,963.28 for the same period last year; net profit after deduction of non-recurring profit and loss attributable to shareholders of the listed company was RMB-134,630,454.24, representing a year-on-year decrease of 41.02%. In the first half of
2023, enterprises produced 3.0601 million tons of clinker and 3.7534 million tons of cement, which decreased by 15.87% and 6.97% respectively compared with the same period last year. Affected by the decline in market demand, the company's sales volume of commodities (cement, commodity clinker) was 3.8584 million tons, a decrease of 7.01% year-on-year, and the average selling price of cement decreased by 7.86% year-on-year. Reasons for changes in
operating revenue: the operating revenue decreased by 13.96%, which was mainly due to the decline in cement market demand and the decrease in both sales volume and price of the Company's commodities during the reporting period. Reasons for changes in
operating costs: The operating costs decreased by 7.21%, which was mainly due to the combined effects of the decrease in the sales volume of goods of the Company and the decrease in selling expenses and administrative expenses during the reporting period. Reasons for changes in
selling expenses: selling expenses decreased by 59.71%. This was mainly due to the fact that the freight, agency fee, rope and net fee, cement return fee, loading fee, loading point fee, loading and unloading fee, storage fee and rental of self-owned vehicles related to the performance of contracts were included in the operating cost in accordance with the accounting standards during the reporting period, as well as the decrease in the cost of self-owned vehicles and staff salaries. Reasons for changes in
administrative expenses: administrative expenses decreased by 30.91%, which was mainly due to the fact that the Company recorded the production-related repair costs, shutdown losses, safety costs and related expenses as operating costs in accordance with the accounting standards during the reporting period, as well as the decrease in ecological restoration costs and party building expenses.
In order to actively respond to the national environmental protection policy and implement the concept of green and low-carbon development, China Cement Network will hold the " 2023 Cement'Double Carbon 'Conference and the 10th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference " in Zhengzhou, Henan Province, from September 12 to 13, 2023. The cement industry is moving towards a low-carbon, more energy-saving and greener high-quality development.
At the same time, the medal ceremony of "2023 Advanced Enterprises of Double Carbon" in Cement Industry and the "Double Carbon" Equipment Exhibition will be held. After the meeting, we will also organize a visit to Jiyuan Zhonglian Cement Co., Ltd. "The world's first production line of carbon sequestration auxiliary cementitious materials and low-carbon cement from flue gas CO2 of steel slag capture cement kiln".
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